Skip to main content

Rhode Island Evaluating Potential Sports Betting Market Expansion

  • Eight sports betting operators responded to a Rhode Island Lottery request for information on potentially expanding its sports betting market
  • Rhode Island only has one licensed online sports betting operator
  • Legislators did not approve a bill to allow for more operators over the summer

Sports betting operators are showing interest in a potentially expanded Rhode Island sports betting market.

According to Rhode Island Current, eight sports betting operators responded to a Rhode Island Lottery request for information (RFI) on the possibility of an expanded sports betting market in the Ocean State.

International Game Technology (IGT) is currently the only licensed online sports betting operator in Rhode Island.

Potential Sports Betting Market Expansion

The Rhode Island Lottery published the RFI and set a deadline of Aug. 22 for interested operators to reach out. Respondents that reached out for additional information were Bally’s, BetMGM, DraftKings, Fanatics Sportsbook, FanDuel, Kambi, and OpenBet.

Additionally, IGT also responded to the RFI proposal.

While nothing has been proposed yet, it’s likely that Rhode Island legislators are yet again exploring the potential to expand the state’s online sports betting market. IGT is currently the lone licensed online operator, which has an exclusive contract to operate online sports betting on behalf of the Rhode Island Lottery through 2026.

Rhode Island, New Hampshire, Delaware and Montana are the only four states in the country with legalized online sports betting but only one licensed operator for customers.

According to the RFI, after the responses from the licensed sports betting operator are evaluated, a request for proposal for additional online sports betting operators may be developed and issued.

Bill to Expand Failed Over Summer

The members of the Rhode Island Senate actually supported a bill to expand Little Rhody’s sports betting market earlier this year. The Rhode Island Senate approved SB 748, a bill to expand the state’s online sports betting from one operator to potentially a maximum of five, by a 30-3 vote in early June.

The bill set the total number of online sports betting operators at no more than five, but no less than three if approved. It also disallowed the state to renew its sports betting contract with IGT after Jan. 31, 2026. Interested operators would have bid for licenses in the state through a competitive licensing process.

Despite the Senate approval, the piece of legislation never received a House vote. The bill was never brought up in any House committee and the session ended June 21.

The post Rhode Island Evaluating Potential Sports Betting Market Expansion appeared first on Sports Betting Dime.



from Sports Betting Dime https://ift.tt/g0QL7Pv
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Printable CFP Playoff Bracket – Make Your Picks to Win National Championship

The 12-team College Football Playoff bracket is set following Selection Sunday on December 7 Indiana claims the No. 1 overall seed after a perfect 13-0 season and Big Ten title Below, find SBD’s printable CFP bracket, first-round schedule, matchups and viewing info The 2025 College Football Playoff bracket is locked and loaded, and the Selection Committee delivered some serious drama on Sunday. Indiana sits atop the CFP bracket as the No. 1 seed after an undefeated season, while Notre Dame got left out in one of the most controversial snubs in playoff history. Now that we know all the matchups, SBD is publishing our annual printable CFP bracket. Simply click the bracket image below to open and download a printable PDF version you can fill out as the playoff progresses. We’ve also included the full College Football Playoff first-round schedule for each game, along with the matchups and viewing info. Printable CFP Bracket 2025 Click the image to download a printable PDF ver...
Post a Comment
Read more

Genesis Scottish Open Picks, Predictions & Odds for 2025

The 2025 Genesis Scottish Open tees off Thursday, July 10th, from North Berwick, Scotland Scottie Scheffler is the +340 favorite over 2023 champ Rory McIlroy See my 2025 Genesis Scottish Open odds, picks, and best value bets, below The world’s best golfers head overseas for the Genesis Scottish Open, a tournament co-sanctioned by the PGA Tour and DP World Tour, and it features plenty of star power. It’s contested at the Renaissance Club in Scotland, and it’s the final tune-up before the last major of 2025 – the Open Championship. Since this has been an official PGA Tour event, Xander Schauffele, Rory McIlroy and Robert MacIntyre have won in dramatic fashion with one-stroke victories. Dating back to when this was just a DP World Tour (formerly European Tour) event, eleven of the past 14 champions have won by a single shot or emerged with the title in a playoff. Genesis Scottish Open Odds 2025 Golfer Odds Scottie Scheffler +340 Rory McIlroy +650 Xander Schauffe...
Post a Comment
Read more

FedEx St Jude Championship Picks, Predictions & Odds

The FedEx St. Jude Championship tees off Thursday, August 7th, from Memphis, Tennessee Scottie Scheffler is the massive +260 favorite over Xander Schauffele to win outright See my 2025 FedEx St. Jude Championship picks, best value bets, and the odds to win the tournament below After Cameron Young broke through for his first PGA Tour title at the Wyndham Championship to conclude the regular season, the FedEx Cup Playoffs begin in earnest. The top-70 golfers are competing in the first of three legs to claim the FedEx Cup trophy, with Rory McIlroy opting out of competing this tournament. This event has been played at TPC Southwind in Memphis, Tennessee, the last three years, and the venue has hosted tournaments for many years on the calendar prior to that. After this week, the top-50 players in the season-long points race will tee it up at the BMW Championship. FedEx St Jude Championship Odds 2025 Golfer Odds Scottie Scheffler +260 Xander Schauffele +1600 Ju...
1 comment
Read more